Pre-earnings options volume in Square is normal with calls leading puts 8:7. Implied volatility suggests the market is anticipating a move near 9.6%, or $5.83, after results are released. Median move over the past eight quarters is 7.5%.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SQ:
- Options Volatility and Implied Earnings Moves Today, August 01, 2024
- Block price target lowered to $55 from $60 at Morgan Stanley
- Options Volatility and Implied Earnings Moves This Week, July 29 – August 02, 2024
- Block reorg may suggest slower progress on initiatives, says Macquarie
- Unusually active option classes on open July 26th